Soaring levels of renting and a post-referendum rise in unemployment could create a 'toxic cocktail' for millions of renters because of large gaps in the housing benefit 'safety net', according to a major report by Royal London.
The policy paper from Royal London, Renters at Risk, has found a surge in the number of working people who would be at risk of being unable to meet their rent in the event that they lost their wage through unemployment or sickness. Steve Webb, director of policy at Royal London [pictured] said:" This report shows that the benefits system would not meet the rent of the majority of working renters. Unless they are able to resume paid work quickly, 5.5 million working renters would be at risk of not being able to pay the rent and having to move to cheaper accommodation, if they could find i...
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